Mid Sioux Opportunity Inc
- Assets
- $5.4m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 150
- Location
- Remsen, IA
- Founding
- 03/1967
- Data as of
- 09/2023
- EIN
- 42-0921642
Organization Overview
Mid Sioux Opportunity Inc is located in Remsen, IA. The organization was established in 1967. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 09/2023, Mid Sioux Opportunity Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid Sioux Opportunity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Mid Sioux Opportunity Inc generated $14.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $14.8m during the year ending 09/2023. While expenses have increased by 7.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SERVICE TO LOW INCOME AND ELDERLY INDIVIDUALS IN IOWA COUNTIES OF PLYMOUTH, SIOUX, LYON, CHEROKEE, AND IDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY PRESERVATION AND STRENGTHING SERVICES ARE DESIGNED TO PROVIDE SUPPORTIVE SERVICES THAT HELP TO PERSERVE AND STREGTHEN PERSONS THROUGH PROGRAMS RELATED TO HEALTH, CHILD CARE, NUTRITION, AND OTHER SUPPORTIVE MEASURES. THERE WAS 5,422 PARTICIPANTS.
EDUCATIONAL SERVICES FOR THE DISADVANTAGED ARE PRE-SCHOOL EDUCATION AND SERVICES RELATED TO THOSE EDUCATIONAL PROGRAMS. 297 CHILDREN WERE SERVICED.
CRISIS INTERVENTION AND PREVENTION SERVICES ARE CENTERED ON ASSISTANCE WITH FAMILY EMERGENCY NEEDS IN THE AREA OF HOUSING, ENERGY, EMERGENCY SERVICES, AND FAMILY ECONOMIC SELF-SUFFICIENCY. 5,712 FAMILIES PARTICIPATED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Letsche President | OfficerTrustee | 1 | $0 |
Caryn Barry Vice-President | OfficerTrustee | 1 | $0 |
Bill Anderson Board Member | Trustee | 1 | $0 |
Don Kass Board Member | Trustee | 1 | $0 |
Ann Cole-Nelson Treasurer | Trustee | 1 | $0 |
Barry Thompson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,413,103 |
| All other contributions, gifts, grants, and similar amounts not included above | $261,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,674,560 |
| Total Program Service Revenue | $64,813 |
| Investment income | $8,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $49,634 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,916,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,163,344 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,153 |
| Compensation of current officers, directors, key employees. | $18,554 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,806,440 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,532,419 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $815,271 |
| Advertising and promotion | $103,843 |
| Office expenses | $406,786 |
| Information technology | $172,905 |
| Royalties | $0 |
| Occupancy | $166,464 |
| Travel | $166,273 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,688 |
| Interest | $8,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,796 |
| Insurance | $106,115 |
| All other expenses | $483,657 |
| Total functional expenses | $14,840,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,110,550 |
| Savings and temporary cash investments | $72,802 |
| Pledges and grants receivable | $1,662,276 |
| Accounts receivable, net | $38,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $265,652 |
| Net Land, buildings, and equipment | $1,831,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,219 |
| Intangible assets | $0 |
| Other assets | $422,854 |
| Total assets | $5,409,241 |
| Accounts payable and accrued expenses | $707,931 |
| Grants payable | $128,405 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $196,082 |
| Other liabilities | $422,854 |
| Total liabilities | $1,455,272 |
| Net assets without donor restrictions | $3,308,218 |
| Net assets with donor restrictions | $645,751 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,409,241 |